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NetJets Chairman and CEO Statement on Ohio Expansion
Communiqué publié le 12/03/2008 à 20h12

The following statement was released by NetJets Chairman and CEO Richard T. Santulli in conjunction with the company's decision to expand in Columbus, Ohio:

Today is a landmark day in the history of NetJets. I am pleased to announce that after an extensive review of where to locate our future expansion, we have decided that Ohio is where we belong. The State of Ohio, the City of Columbus, and the Columbus Regional Airport Authority - whose teams were led by Governor Ted Strickland, Lt. Governor Lee Fisher, Mayor Michael Coleman and CRAA CEO Elaine Roberts - made a compelling argument that the future of NetJets was right here in Columbus. We agree.

We are staying and expanding in Columbus largely because of our NetJets employees. NetJets is a customer service business and our number one job is to provide our Owners with unparalleled safety and service. Ohioans - whether natives or transplants - bring a unique work ethic to their jobs. At NetJets, that means all of our employees go the extra mile for our Owners. That commitment and loyalty are the hallmarks of our NetJets culture and could not be replicated elsewhere.

Specifically, we are announcing that NetJets and Flight Safety International will retain our 2,022 employees in Columbus and will commit to creating an additional 810 new jobs. Together NetJets and Flight Safety International expect to invest more than $200 million to build a world-class campus, including the largest Flight Safety International training center in the world. In short, our goal is to become the employer of choice in the Midwest and to have a legacy campus that befits our status as the world's ultimate luxury brand.

We owe a great deal of thanks to the local leaders in government, business, the community, and higher education. This last piece was critical to our decision to expand in Columbus. NetJets' future rests with the talent we are able to cultivate and the research we are able to complete. Ohio Board of Regents Chancellor Eric Fingerhut and OSU President Gordon Gee personally led a team that articulated an inspiring vision for how higher education can spur economic development in Ohio. We are excited to help make their vision a reality and we look forward to providing details in the coming months of a significant partnership with the Ohio system of higher education.

Our decision today positions NetJets to continue its leadership in private aviation into the future.

Business Wire

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